A European proposal to revive the nuclear agreement between Western countries and Iran is imminent and includes the release of billions of dollars in frozen Iranian funds and oil exports in return for the scaling back of its nuclear programme.The new deal will be carried out in four phases over two 60-day time periods, sources with knowledge of the proposed agreement told Al Jazeera Arabic.Iran has recently voiced optimism about an agreement on a renewed version of the 2015 nuclear deal with the United States and other foreign powers, formally called the Joint Comprehensive Plan of Action (JCPOA).
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